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First Republic Bank Shares Sink 40% After Earnings Report

https://www.wsj.com/articles/first-republic-shares-sink-27-after-earnings-c3b3429e

by SeanAnderson • 3 years ago

5 6 3 years ago

WS

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6

cratermoon3• 3 years ago

Didn't Republic just get all of SVBs assets in a deal that where they were relieved of SVBs obligations?

SeanAnderson• 3 years ago

You're thinking of First Citizens Bank out of North Carolina. FRB is headquartered in San Francisco.

cratermoon3• 3 years ago

I wonder where the convention of using "First" in bank names comes from.

feraloink2• 3 years ago

This doesn't look good. I thought First Republic Bank was a small bank in New York. I was wrong. It has over $100 billion in assets and seems to be in California? https://www.axios.com/2023/04/25/first-republic-share-price-...

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